Is Oil Speculation Responsible for High Gas Prices?

Is Oil Speculation Responsible for High Gas Prices?

As Americans watch their wallets empty as quickly as gas prices climb, we all search for answers. Some experts say the seemingly endless rise in gas prices is being driven largely by oil speculation, the practice of buying and trading oil futures -- in an attempt to predict the cost of oil at a later date. Should you blame speculation for your pain at the pump?

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Latest Comments

proposition1MD
Are you kidding

Limits are governed and imposed primarily by different investment groups and their governing forces and therefore are irrelevent. Incrimental increases still abide by... Read More

- proposition1MD | April 15, 2009 3:33PM

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  • NYMEX

    The New York Mercantile Exchange, Inc., is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious... More

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